Topic: Bitcoin is an asset. - page 4. (Read 577 times)

Yes, it is an asset, and since you've already done it that you've used your property money in investing in bitcoin. It means that you're putting money where your mouth is. And by that, it's actually the great initiative that you did, unlike the others that keep on talking about how they've discovered bitcoin and how they admire and hope to have one but never did anything in taking risk of it. Good thing that your father didn't discourage you and forced you to take back the money you've already done investing in bitcoin. Because with other stories that I've read, they've been forced to take it back due to the uncertainty that owning bitcoin is portraying. Yeah, there is that feeling because this is an asset that's highly volatile but worth it to have if you understand it wholly.

No, I think this is about OP sharing us his enlightenment of understanding Bitcoin as an asset.  He shares his thought and stated that after sometime of studying Bitcoin he discovered that Bitcoin is an asset and wanted to tell it to those who do not know.

Anyway, I think @OP don't need to dive in that deep to understand Bitcoin is an asset because information about it is already scattered on the internet and it has been a discussion and there is even a debate about Bitcoin being an asset where the person who is in favor of Bitcoin being an asset got the upper ground.

Is this the asset vs currency discussion? Been asked multiple times. Bitcoin is both an asset and as a currency, technically. But it is more being used as an asset simply because of the market price volatility and lack of acknowledgement in many countries at the present. Market price volatility benefits those who knows how to manage risk and analyze the market behavior. Also, as long as volatility exists, it would be hard to use it as a currency on small transactions or daily transactions perhaps because there will be guilt from doing so, regarding profit potential from just holding it. Also, as in line with being a currency, there will be no baseline price given that its value moves a lot.

Different person gets rich with Bitcoin and that took place because they are patient enough until bull market comes, my investment with Bitcoin is not short term investment, i have decided to run a five years term investment with Bitcoin as i started, i have no remorse  or regret for my decision, two things is involve for investment, either you gain or you lose, i can be opportune to make profit for this investment and have double of my capital, Bitcoin crashing to $1000 it won't affect me much because the risk and decision has taken already,

From what I read from your explanation it seems you have a passion for bitcoin. But in investment passion or emotion is not enough to dive into a business. You need the information to make financial decisions. And from your thread, you don't have enough knowledge about investing in bitcoin.

You said you have already sold half of your inherited property and invested all the money in bitcoin. This decision is not a bad one because you might end up benefitting from your investment. But one of the golden rules of buying and hodling bitcoin is to invest what you can afford to lose.

You also said you want to start educating people about bitcoin. I hope you will teach them the basics of bitcoin and don't just introduce Bitcoin as an investment but also teach them about Bitcoin as a currency. Don't persuade them to invest in bitcoin because they might not know the risk involved. After the have embraced the coin, some of them mightt decide on their own to invest in the sector.

Since Bitcoin is money then we can conclude that it is an asset.  As per the explanation[1], an asset is the resources you own and control that is expected to give or produce future economic value.  Hence, Bitcoin can fall under that despite being called a cryptocurrency.  Since Bitcoin is expected to give more value in the future, it matches the definition of an asset. 

Bitcoin had been known as an asset for more than half a decade now.  So you are not the first one to have discovered or been enlightened that Bitcoin is an asset.

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[1] https://www.quora.com/In-economic-terms-what-is-the-difference-between-money-and-assets

That is exactly the point, sir. I have also read about men who made fortunes from bitcoin; they did not sell anything to buy bitcoin; it was the opposite. But in this forum, there are a lot of stories by some users who claim to sell one thing or another to invest in Bitcoin. Selling real property to invest in Bitcoin is, in my opinion, absurd.

But in the OP's case, he said he divided the property into two portions, so the second half is his plan B, should the virtual asset fail his expection. At the same time, people who make this type of decision should always be prepared to accept the outcome and not live their lives as if everything depends solely on their Bitcoin investment. 

I am not really sure what you're saying here.  I of course understand that English is not your native language, but what exactly are you getting at here?

Secondly, I can't stress enough how important it is to meet with a financial advisor to discuss these types of things before you go ahead and actually pull the trigger.  It sounds like you're taking quite a high level or risk.  Is this something you're okay doing.  What if bitcoin crashes down to $1,000 a coin, are you still going to be okay with the decision you made? It's important that you realize bitcoin is inherently not an investment, but rather a digital currency, a means of transacting payments. 

Everyone has their own plans and goals, if it has been decided then I respect it and hope that you will receive "sweet fruit" from your investment and the risk you take.
Yes, that's right, you already know the risks and the worst possibility that if you don't meet expectations, you will bear it yourself, not someone else. I hope you won't be offended and feel bad because of some of the responses from other people.
Because everyone has the right to express their opinion according to their own thoughts.
I think you've made a good move when you're not greedy to risk everything just to invest, I think what you do is you just try to take advantage of the big opportunities with the property you own in order to get the maximum profit too.
I hope you don't regret your decision and focus on your goals and I hope you will be successful with your investment plan.

Sometimes taking quick decisions just because you want to invest in bitcoins can end regretfully. I am of the opinion that rather than you quickly deciding to sell the property, you would have first considered leasing it especially since the property was just shared to you. Real Estate (Property) is still a good investment because the value of real estate appreciates with time. By leasing the property, you would have still had some money to invest in bitcoins and although not as big as when you sold, but that would have been okay still since leasing will give you some constant amount of money based on agreement.

From how it looks, since you sold part of the only property which you have that was shared to you, the amount you have invested in bitcoins is an amount that you cannot afford to loose.

After reading the technology of Bitcoin i understood that it's a virtual, that made me to divide the property before i sold out, i knew that it's a higher risk, it might profit me in future or i lose everything, with such reason of Bitcoin being virtual i half the property and withhold half for future purpose. if i wanted to be stupid i would have sold everything and focus for the Bitcoin alone, but i knew the investment may fail me or i succeed of making good profit. that's the purpose i sold half and remain half for my self.

You content is just all over the way place. You could try being a bit calm and focused and your sure to have a better composition than what you've got now. A lot of repeated ideas that isn't coherent.

Meanwhile, its never idea to invest more than you can afford to lose. Selling your property to invest in bitcoin or cryptocurrency isn't the best of ideas, you might profit in the long run but, its best to be safe than sorry becuase, you might panic sell should the market go bearish and coin dumps.

Always invest with spare coin, it would save you save you the pressure of having to think about either your profiting or loosing.

That's great if you intend to teach moms and dads and other people about bitcoin so they will know that there is bitcoin that could be one of their assets for the future. But I hope you don't force them to accept your explanation because, for other people, bitcoin doesn't make sense, especially since there are already people who have benefitted from it. It's not easy to teach bitcoin to them but it's also a challenge for you.

I suggest teaching them slowly and trying to open their minds to the fact that technology has advanced and we must be able to adapt to it. Bitcoin is such a technology that it takes a willingness to learn to accept it.

Bitcoin is undoubtedly an asset, only that it's a virtual kind of asset. Anything that has value and could be owned is an asset, which makes Bitcoin one of them. And for it to have a value of about $28,000 and be listed in the world's electronic trading means that it's a high-value asset that is tradable.

It's you that should plan your investment in this asset very well and will always be making money. Even if you do not know much about Bitcoin and trading generally, just be sure that you learn how to read the peaks and bottoms of the asset.

Then invest when it's always at the lower levels to maximize your profits.

It's recently i know about Bitcoin and since i have noticed the important and kind of asset Bitcoin is , i have embrace Bitcoin to the fullest after making research of Bitcoin, a property was shared for me and i decided to sell half of the property to invest in Bitcoin, i have sold the property and i have decided to take the risk to invest for long term for Bitcoin after i notice that Bitcoin is an asset. The deal of investing my property money in Bitcoin has been done already.

But when i discussed the information of Bitcoin with my father and he said if i have seen someone who has benefited in Bitcoin, i responded that i have not seen with my eye anyone that is a Bitcoin beneficiary, but after reading the technology of Bitcoin and i noticed that it's an asset and people do invest on Bitcoin and make profit and i decided to sell part of the portion of my land to invest in Bitcoin for long term.

With the Passion i have on Bitcoin i do think that we are supposed to ensure that people have known what's Bitcoin in our various societies, and i have decided to teach both mother's and father's and youths of Bitcoin after i have understand it very well. The place I'm i don't think five twenty percent knows what's Bitcoin. So i have discovered that Bitcoin is an asset and the information most be shared to my friends who don't about it.